Reported 12 months ago
Bloomberg's article discusses the recent boom in the US stock market driven by artificial intelligence, resulting in a 14% climb in the S&P 500 Index during the first half of 2024. The market rally is supported by a resilient economy, improved corporate earnings, and high demand for AI-related companies. The article explores potential factors that may impact the market's future performance, such as the US presidential election and interest rate cuts. Tech and communication sectors led the gains, with Nvidia being the top contributor to the S&P 500's rally. However, some analysts believe the tech stock rally may be overvalued, and other sectors could drive the market's growth in the future.
Source: YAHOO